ePlus inc. (NASDAQ:PLUS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 937,600 shares of the software maker's stock after selling 31,398 shares during the period. Wellington Management Group LLP owned about 3.52% of ePlus worth $69,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after acquiring an additional 36,267 shares during the period. KBC Group NV increased its position in ePlus by 48.9% in the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after buying an additional 453 shares during the period. Swedbank AB acquired a new stake in ePlus in the fourth quarter worth $11,082,000. Caprock Group LLC acquired a new stake in ePlus in the fourth quarter worth $224,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of ePlus by 0.5% in the 4th quarter. GHP Investment Advisors Inc. now owns 103,342 shares of the software maker's stock worth $7,635,000 after acquiring an additional 533 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Performance

PLUS traded down $0.05 during trading hours on Friday, hitting $71.07. The company's stock had a trading volume of 287,282 shares, compared to its average volume of 211,557. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.89 billion, a PE ratio of 18.13, a PEG ratio of 1.83 and a beta of 1.12. The company has a 50-day simple moving average of $62.71 and a 200 day simple moving average of $70.15.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, sell-side analysts expect that ePlus inc. will post 3.78 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.